2022 MKD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MKD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MKD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 77.6095. Conversely, the yearly low was recorded on September 26, dropping to 65.5156.
This high-to-low spread represents a total annual volatility of 12.0938 MGA. From a start-to-finish perspective, comparing the January average rate of 73.1125 to the December average rate of 75.9726, the exchange rate registered a net change of 3.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 77.6095 was down 0.42% compared to the 2021 peak of 77.9357, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MKD to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 71.2334, compared to 69.9504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2830 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 5.5485 MGA (High: 73.6823 / Low: 68.1338). On the other end, January was the most stable month, with a tight range of 1.7962 MGA (High: 73.9178 / Low: 72.1216).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.7246 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 75.9726) against the same month in 2021 (average: 72.8047), the exchange rate shifted by +3.1678 (+4.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 73.9178 | 72.1216 | 73.1125 |
| February | 74.3969 | 72.4986 | 73.3600 |
| March | 72.6136 | 70.2533 | 71.8291 |
| April | 72.5667 | 68.4424 | 70.6425 |
| May | 70.6930 | 67.3862 | 68.9180 |
| June | 70.5386 | 68.5748 | 69.5383 |
| July | 69.9731 | 66.6604 | 68.5530 |
| August | 70.5774 | 66.5102 | 68.7295 |
| September | 68.7798 | 65.5156 | 67.3481 |
| October | 69.3228 | 66.4749 | 67.6857 |
| November | 73.6823 | 68.1338 | 71.4136 |
| December | 77.6095 | 74.1136 | 75.9726 |